EAE News
EAE launches the third edition of the EAE Lab Incubator
22 de January de 2019
This initiative to promote entrepreneurship has become the launch pad for business projects devised at the School.
Physical workspaces, training, formation, advice and contact with investors are just some of the benefits offered by the EAE Lab Incubator, which is just starting its third edition. Led by former students of the School, lecturers and external projects (with a minimum level of participation of EAE students), the initiative was created to foster the entrepreneurial mindset and competence of the future businesspeople that form part of the community at EAE Business School.
The aim of this entrepreneurship support service is for the incubated projects to reach a stage at which they are viable and ready to be presented to potential entrepreneurs and investors. To reach this stage, the launch pad offers a complete service for a period of 5 months (from March to July 2019) to the 10 projects finally selected. The service includes training, advice, accompaniment and in-person mentoring from professionals and experts in business incubation.
Requirements for entrepreneurs and projects
Candidates interested in taking part in the EAE Lab Incubator must meet the following requirements:
- Team of at least 2 entrepreneurs (one of whom must be a former EAE student)
- Working full time on the project (40 hours per week)
- Compulsory attendance at the Incubator as a workplace for the whole team
The projects submitted for the third edition of the EAE Lab Incubator can be related to any business area and sector, on the condition that it does not involve any activity that is illegal or not aligned with the School's values. Moreover, the terms and conditions of the third edition specify that particular value will be placed on projects related to the entertainment sector. With respect to the current stage of the projects, the regulations state that the project must be at a starting phase as the Incubator is designed "to work on the creation of an initial product, its market validation and the implementation of the business model".
EAE Lab Incubator services for the selected projects
During the five-month incubation service, EAE Lab provides physical spaces with equipment (internet, furniture, meeting room), an online service with a virtual classroom and specific training for the participants between March to July 2019.
The training (25 hours) focuses on the acquisition of knowledge in areas related to the business ecosystem , such as Lean Methodology, product or service design, marketing and sales skills, and legal and financial knowledge. In addition, over the course of the five months of the incubation project, participants have three training sessions on their elevator pitch with their coordinators and mentors.
Each project has 8 hours contact with a specific coach who will facilitate the competence development and management of the team. In addition, they have 4 hours of mentoring. The training also includes advice on administrative, accounting, financial, legal and employment issues.
At the end of the incubation period, in July 2019, EAE Lab organizes Venture Day to present the projects to potential investors.
Registration and deadlines for applications for the 3rd edition of EAE Lab
To apply for this third edition, candidates have to complete a registration form for each project. The deadline for registration is 4th February 2019. After this deadline, the projects will be evaluated based on criteria related to the team, including passion skills and capacities, as well as other aspects more focused on the projects, such as their uniqueness and impact.
The selection phase of the 10 projects begins with an initial filter stage, and elevator pitch and a personal interview. The deadline for announcing the entrepreneurial projects selected for the EAE Lab Incubator is the 28th February 2019. The Incubator will start providing its services from March 2019 onwards.
Contact EAE Entrepreneur
The Technical Office manages and receives the registration applications via email to eaeemprende@eae.es, or by telephone on 914564100.